Mexican Loan definition

Mexican Loan means the Loan granted to Core Mexico in the original principal amount of Eight Million Dollars ($8,000,000), to be disbursed to Core Mexico pursuant to Section 2.9(b) hereof prior to the Mexican Line Conversion Date, in accordance with Section 2.5 hereof.
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Mexican Loan means the loan evidenced by the promissory note of Technologies to Sypris Technologies Mexico, S. De ▇.▇. De C.V. dated as of October 26, 2009 in the original principal amount of $11,503,824.
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Examples of Mexican Loan in a sentence

  • The Administrative Agent agrees that it will not exercise any rights under any power of attorney granted under or in connection with the Mexican Loan Documents unless an Event of Default has occurred and is continuing.

  • Each Mexican Loan Party covenants and agrees that it shall take any and all reasonable action, including the execution and filing of any and all documents, that may be necessary to continue the designation of the Process Agent pursuant to this paragraph in full force and effect and to cause the Process Agent to act as such.

  • Any litigation based hereon, or arising out of, under, or in connection with this Agreement or any other Loan Document (except for the Mexican Loan Documents, which shall be governed under their own terms), will be brought and maintained exclusively in the courts of the State of New York or in the United States District Court of the Southern District of New York.

  • The Administrative Agent shall have received evidence, in form and substance satisfactory to the Lenders, that: (i) each Mexican Loan Party has irrevocably appointed the Process Agent for a period ending one year after the Maturity Date, (ii) the Process Agent has accepted such appointment, and (iii) all fees in connection therewith have been paid for the entire term of the appointment.

  • Each Mexican Loan Party shall maintain such appointment until the satisfaction in full of all Obligations, except that if for any reason the Process Agent appointed hereby ceases to be able to act as such, then each Mexican Loan Party shall, by an instrument reasonably satisfactory to the Administrative Agent, appoint another Person in the Borough of Manhattan as such Process Agent subject to the approval of the Administrative Agent.

  • Nothing in this Agreement or in any other Loan Document shall affect any right that the Administrative Agent or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against any Borrower or any other Loan Party (except Mexican Loan Parties) or its properties in the courts of any competent jurisdiction.

  • The irrevocable and express submission of Loan Parties to the exclusive jurisdiction of any the State of New York and of the United States District Court of the Southern District of New York pursuant to paragraph (a) of Section 15.19, and the appointment by each Mexican Loan Party of the Process Agent pursuant to paragraph (a) of Section 15.19 is legal, valid, binding and enforceable in accordance with its terms.

  • Subject to the terms and conditions of this Agreement, during the Mexican Loan Commitment Period, KeyBank shall make the Mexican Loan to Core Mexico through multiple Mexican Draw Disbursements to Core Mexico.

  • Anything contained in this Agreement to the contrary notwithstanding, it is expressly understood and agreed that the Capex Loans and the Mexican Loan shall at all times be “In-Balance” on an aggregate basis.

  • The Mexican Borrowing Base shall be deemed to be $0 until an initial field exam and inventory appraisal reasonably satisfactory to the Administrative Agent shall have been conducted with respect to the Inventory of the Mexican Loan Parties.